Robert K. Fleck, F. Andrew Hanssen
Environmentalists, politicians, and scholars express concern about a "race to the bottom" in environmental policy. Yet economic theory indicates that a race to the bottom in environmental policy is highly unlikely, and there is little evidence that such races have, in fact, occurred.
The public trust doctrine is a little-known bit of legal history that is now touted as an ancient rule of law that allows governments to control property long presumed to be privately owned.
Irrespective of the uncertainties surrounding the causes of climate change, the United States is poised to join the rest of the developed world in a fight against rising carbon dioxide levels.
September 2007Volume 25 | Number 3 ON TARGET By Terry L. Anderson
When Donald Leal and I wrote Free Market Environmentalism in 1991, we mostly theorized about how property rights and markets could enhance environmental quality. We focused more on political failures than market successes because there were more of the former than the latter.